DCF — SOUTH TEXAS HEALTH SYSTEM
Enterprise Value: $800.9M
🛡️ Public data only — no PHI permitted on this instance.
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$800.9M
Enterprise Value
$218.1M
PV of Cash Flows
$582.9M
PV of Terminal Value
$938.7M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $731.5M | $96.4M | 13.0% | $45.9M | $41.8M |
| Year 2 | $753.5M | $106.9M | 14.0% | $53.0M | $43.8M |
| Year 3 | $776.1M | $117.8M | 15.0% | $60.4M | $45.4M |
| Year 4 | $799.3M | $125.4M | 16.0% | $65.2M | $44.5M |
| Year 5 | $823.3M | $131.2M | 16.0% | $68.7M | $42.6M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $800.9M. Terminal value accounts for 73% of total EV — typical range (60-80%).
Next steps: Check the LBO model to see equity returns at this entry price, or the EBITDA bridge to model value creation levers.
Assumptions
ASSMrevenue base$710.2M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.12683805866747577
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5